Tag: bribery scandal

GQG Partners Considers Adani Group Investment Amid US Legal Challenges

31 Jan

Business Rohan Neeraj

GQG Partners faces a critical juncture as it reviews its substantial investments in Adani Group companies following a US indictment against Gautam Adani and associates. The charges involve allegations of illegal activities like bribery and fraud, raising concerns about the integrity of business operations. GQG's measured approach signals cautious optimism amidst market uncertainties caused by stock declines and geopolitical tensions.

Gautam Adani Faces US Charges in Massive $265 Million Bribery Scandal

23 Jan

News Rohan Neeraj

The US Justice Department has indicted Gautam Adani, his nephew Sagar Adani, and other senior executives in a massive bribery and fraud case. The allegations involve a scheme to secure profitable solar energy contracts in India through hefty bribes. The charges include securities fraud, with the SEC seeking severe penalties for misleading investors about anti-bribery measures.